U.S. Navy Awards General Dynamics $8.4 M Planning Contract

Thursday, September 22, 2005

The U.S. Navy has
awarded General Dynamics Electric Boat an $8.4 million contract to begin
advanced planning for maintenance, repair and alterations on the USS Augusta
(SSN-710). Electric Boat is a wholly owned subsidiary of General Dynamics
(NYSE: GD).
The work -- known as a Pre-Inactivation Restricted Availability -- will be
performed at the Naval Submarine Base in Groton and will comprise
alternations, repairs, maintenance and testing. The contract has a total
potential value of $43.2 million, and is scheduled for completion by March 31,
2006.